The Tax Benefits Of Real Estate Investing: Difference between revisions

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Clients should be aware that different rules apply when the IRS has recently placed a tax lien against him. A bankruptcy may relieve you of personal liability on a tax debt, but using some circumstances won't discharge a suitably filed tax lien. After bankruptcy, the internal revenue service cannot chase you personally for the debt, but the lien stay in on any assets in which means you will stop being able to market these assets without satisfying the outstanding lien. - this includes your home. Depending upon the lien and when filed, there could be be other new to attack the validity of the lien.

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